ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

Jag, it is my belief that 240/120/60 are a lot more lucrative when they have a chance of evolving into the Daily chart ie in line with Daily chart's direction, I may be wrong, this is just my opinion. Let's have a debate :)
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No debate here :) I agree 100%. For me, this is where risk management comes in when higher time frames don't line up. I will be much more aggressive with moving my stop up and/or try to scalp my position.

When all the charts line up I'll be much more patient. I am also willing to add back to my position (on a retrace) if my first or second target gets hit.

I also look for the setup to roll to higher time frames. See something on the 15m, rolls to the 30m, etc. When I put this trade on, the 120min had just turned bullish (which is why I put on the full position) and the 240min looked like it was (which it did).
 
kitchen sink thrown..

<a href="http://content.screencast.com/media/30762540-8955-4601-a56d-52ddcb4cdc1a_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06122008-143803.jpg"><img src="http://content.screencast.com/media/30762540-8955-4601-a56d-52ddcb4cdc1a_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06122008-143803.jpg" width="1277" height="955" border="0" /></a>
 
Quote from iloveoptions:

Sold my ES position this morning for 1348.25 for a loss of -1.5, and bought the 1360 June Put at the same time for a chance of testing the 1335 again.
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Closed out the June Put for 28 (from 24) 1340 June equivalent.
 
next level...

<a href="http://content.screencast.com/media/f1acf0aa-dbc8-46c6-aec0-9e9eb85a126f_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06122008-144102.jpg"><img src="http://content.screencast.com/media/f1acf0aa-dbc8-46c6-aec0-9e9eb85a126f_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06122008-144102.jpg" width="1250" height="877" border="0" /></a>
 
retraced the whole 'run' from this morning 1340 to 1354 after the 50% failed to hold. Gotta love this shit .. :)

i accepted the challenge to learn how to trade as revenge on the 2 ex wifes. .. :D
 
Quote from jagmot:

No debate here :) I agree 100%. For me, this is where risk management comes in when higher time frames don't line up. I will be much more aggressive with moving my stop up and/or try to scalp my position.

When all the charts line up I'll be much more patient. I am also willing to add back to my position (on a retrace) if my first or second target gets hit.

I also look for the setup to roll to higher time frames. See something on the 15m, rolls to the 30m, etc. When I put this trade on, the 120min had just turned bullish (which is why I put on the full position) and the 240min looked like it was (which it did).
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That's good, I didn't expect you not to have a plan, but still, especially considering your stop distances from entries, ImPO I would only trade those charts when they have a chance of making it over to the daily chart as daily signal's expansion range would give you so much more scope. When you went long, not that it matters as you are the one making decisions, daily chart just didn't look bullish.
 
Quote from JSSPMK:

Tom, same on 2 now, ImPO it's about to tank
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Same as on 1 (almost) previously, failed upswing + lower histogram very close to centreline & when market is going down = best to reconsider a long position, when markets are declining there is a lot of emotion present, so when I see something like that I expect Long's stops to be sliced through.

This is relevant to all time frames.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1955808>
 

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